Kansas City housing forecast for 2016

[Ndy Onyido]

Hi BP Nation,

It looks like the recent gains in property values in the Mid West region  will be sustained in  2016. According to new report published by the Wichita State University Center for Real Estate for Kansas City market, there's good news for investors wishing to cash-in on the investor friendly state of Kansas.

Here are the highlights:

Home sales –Kansas City home sales were essentially flat in 2014, rising just 0.6 percent. The market has been strong so far this year, however, and this trend should continue in 2016, with sale rising 7.3 percent to 38,280 units.

Construction –New home construction in the Kansas City area has picked up this year, following a slight decline in 2014. Permitting should continue to rise next year, up 11 percent to 5,260 units.

Home prices–Tight inventories of homes available for sale have resulted in strong home price gains in the Kansas City area. Average home values are expected to rise by 6.1 percent in 2015 and another 6.3 percent in 2016

Full details here:

http://kansasrealtor.com/2016-kansas-housing-marke...

Happy investing!

[Christopher Suh]

@Ndy Onyido Thanks for sharing. Glad I'm in this market.